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Validation of Iraq Report on Initial Data Collection and Stakeholder Validation of Iraq Report on initial data collection and stakeholder consultation Website www.eiti.org Email [email protected] Telephone +47 22 20 08 00 Fax +47 22 83 08 02 Address EITI International Secretariat, Ruseløkkveien 26, 0251 Oslo, Norway 2 Validation of Iraq: Report on initial data collection and stakeholder consultation Abbreviations ASI Adam Smith International BCM Billion Cubic Meter BOE Barrel of Oil Equivalent Bpd Barrels per day BSA Board of Supreme Audit CBI Central Bank of Iraq CIT Corporate Income Tax CSO Civil Society Organisation DFI Development Fund for Iraq DFID Department for International Development EGPS Extractives Global Programmatic Support EITI Extractive Industries Transparency Initiative FRBNY Federal Reserve Bank of New York GDP Gross domestic product GFC Gas Filling Company GFS Government Finance Statistics GiZ Deutsche Gesellschaft für Internationale Zusammenarbeit IMF International Monetary Fund Commented [R1]: Delete because it is repeated below IAMB International Advisory Monitoring Board ITAEI Iraq Transparency Alliance for Extractive Industries IBSA Iraqi Board of Supreme Audit [The Arabic translation of this term has been Formatted: Highlight changed.] IEITI Iraq Extractive Industries Transparency Initiative IGF Iraqi Federal Government IMF International Monetary Fund IOC International Oil Companies IOEC Iraqi Oil Exploration Company ISC Iraqi Stakeholders Council KRG Kurdistan Regional Government LC Letter of Credit LPG Liquid petroleum gas MdOC Midland Oil Company MdR Midland Refineries Company MDTF Multi Donor Trust Fund MIM Ministry of Industry and Minerals MNR Ministry of Natural Resources (KRG) MOC Missan Oil Company MoO Ministry of Oil MoF Ministry of Finance MOU Memorandum of Understanding MSG Multi-Stakeholder Group NGO Non-Governmental Organisation NOC National Oil Company NRC North Refineries Company NRGI Natural Resource Governance Institute OPEC Organization of the Petroleum Exporting Countries PCLD Petroleum Contracts and Licensing Directorate PSC Production Sharing Contact Website www.eiti.org Email [email protected] Telephone +47 22 20 08 00 Fax +47 22 83 08 02 Address EITI International Secretariat, Ruseløkkveien 26, 0251 Oslo, Norway 3 Validation of Iraq: Report on initial data collection and stakeholder consultation PWC PriceWaterhouseCoopers SBA Standby Arrangement Scf Standard cubic feet SOC South Oil Company SOE State-owned enterprise SOMO Iraq Oil Marketing Company Tcf Trillion cubic feet ToR Terms of Reference TSC Technical Service Contracts UN United Nations UNDP United Nations Development Programme USD United States Dollar VAT Value Added Tax WB World Bank Website www.eiti.org Email [email protected] Telephone +47 22 20 08 00 Fax +47 22 83 08 02 Address EITI International Secretariat, Ruseløkkveien 26, 0251 Oslo, Norway 4 Validation of Iraq: Report on initial data collection and stakeholder consultation Table of Contents Abbreviations ............................................................................................................................................ 2 Executive Summary ................................................................................................................................... 5 Introduction ............................................................................................................................................ 21 Part I – MSG Oversight ............................................................................................................................ 26 1. Oversight of the EITI process ........................................................................................................... 26 Government engagement in the EITI process (#1.1) ............................................................................. 27 Industry engagement in the EITI process (#1.2) .................................................................................... 30 Civil society engagement in the EITI process (#1.3) .............................................................................. 33 MSG governance and functioning (#1.4) ............................................................................................... 40 Work plan (#1.5) .................................................................................................................................... 49 Part II – EITI Disclosures .......................................................................................................................... 61 2. Award of contracts and licenses ...................................................................................................... 61 Legal framework (#2.1) .......................................................................................................................... 61 License allocations (#2.2) ....................................................................................................................... 65 License registers (#2.3) .......................................................................................................................... 69 Contract disclosures (#2.4) .................................................................................................................... 72 Beneficial ownership disclosure (#2.5) .................................................................................................. 75 State participation (#2.6) ....................................................................................................................... 77 3. Monitoring and production ............................................................................................................. 87 Overview of the extractive sector, including exploration activities (#3.1) ............................................ 88 Production data (#3.2) ........................................................................................................................... 89 Export data (#3.3) .................................................................................................................................. 93 4. Revenue collection .......................................................................................................................... 97 Materiality (#4.1) ................................................................................................................................... 97 In-kind revenues (#4.2) ........................................................................................................................ 107 Barter and infrastructure transactions (#4.3) ...................................................................................... 111 Transport revenues (#4.4) ................................................................................................................... 111 Transactions between SOEs and government (#4.5) ........................................................................... 112 Subnational direct payments (#4.6) .................................................................................................... 115 Level of disaggregation (#4.7) .............................................................................................................. 119 Data timeliness (#4.8) .......................................................................................................................... 120 Data quality (#4.9) ............................................................................................................................... 121 5. Revenue management and distribution ........................................................................................ 139 Distribution of revenues (#5.1) ............................................................................................................ 139 Sub-national transfers (#5.2) ............................................................................................................... 141 Additional information on revenue management and expenditures (#5.3) ....................................... 145 6. Social and economic spending ....................................................................................................... 149 Social expenditures (#6.1) ................................................................................................................... 149 SOE quasi fiscal expenditures (#6.2) .................................................................................................... 152 Contribution of the extractive sector to the economy (#6.3) ............................................................. 153 Part III – Outcomes and Impact ............................................................................................................. 158 7. Outcomes and Impact ................................................................................................................... 158 Website www.eiti.org Email [email protected] Telephone +47 22 20 08 00 Fax +47 22 83 08 02 Address EITI International Secretariat, Ruseløkkveien 26, 0251 Oslo, Norway 5 Validation of Iraq: Report on initial data collection and stakeholder consultation Public debate (#7.1) ............................................................................................................................. 158 Data Accessibility (#7.2) ....................................................................................................................... 162 Lessons Learned and follow-up on recommendations (#7.3) ............................................................
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